When AC =MC, AC is ????????.
(a) Min (b) Falling
(c) Rising (d) Maximum
Dear Student,
The correct answer is Option(a): Minimum
When MC stops falling and begins rising to a point, it will meet the AC curve. Thus only when the MC > AC will the AC curve begin to rise. Thus at the point where the MC meets the AC curve, AC has to be at its minimum point.
Regards
The correct answer is Option(a): Minimum
When MC stops falling and begins rising to a point, it will meet the AC curve. Thus only when the MC > AC will the AC curve begin to rise. Thus at the point where the MC meets the AC curve, AC has to be at its minimum point.
Regards